Short Interest in Jack in the Box Inc. (NASDAQ: JACK) Declines 20.1%
Jack in the Box Inc. (NASDAQ: JACK) was the target of a significant drop in short interest during the month of March. As of March 31, there was short interest totaling 1,590,000 shares, a decrease of 20.1% from the total of 1,990,000 shares as of March 15. Currently 7.1% of the company’s shares are sold short. Based on an average daily trade volume of 416,500 shares, the day / hedge ratio is currently 3.8 days.
The Jack in the Box stock opened at $ 117.95 on Monday. The company has a 50-day simple moving average of $ 109.09 and a two-hundred-day simple moving average of $ 95.85. The company has a market cap of $ 2.69 billion, a P / E ratio of 30.32, a P / E / G ratio of 1.61 and a beta of 1.67. Jack in the Box has a 52 week low of $ 51.36 and a 52 week high of $ 118.48.
Jack in the Box (NASDAQ: JACK) last released its quarterly results on Wednesday, February 17. The restaurateur reported EPS of $ 2.16 for the quarter, beating the Zacks’ consensus estimate of $ 1.75 by $ 0.41. The company posted revenue of $ 338.54 million for the quarter, compared to analysts’ expectations of $ 335.51 million. Jack in the Box had a negative return on equity of 12.94% and a net margin of 8.79%. On average, equity research analysts predict that Jack in the Box will show 5.6 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 16. Investors of record on Wednesday March 3 received a dividend of $ 0.40 per share. This represents a dividend of $ 1.60 on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend was Tuesday March 2. Jack in the Box’s payout ratio (DPR) is currently 34.41%.
Several hedge funds and other institutional investors have recently changed their holdings in JACK. First Trust Advisors LP increased its stake in Jack in the Box by 794.0% in the first quarter. First Trust Advisors LP now owns 23,137 shares of the restaurateur valued at $ 1,875,000 after purchasing an additional 20,549 shares in the last quarter. Amundi Pioneer Asset Management Inc. increased its stake in Jack in the Box by 87.3% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 4,506 restaurateur shares valued at $ 365,000 after purchasing an additional 2,100 shares during the last quarter. Schonfeld Strategic Advisors LLC increased its stake in Jack in the Box by 36.9% in the third quarter. Schonfeld Strategic Advisors LLC now owns 117,392 shares of the restaurant operator valued at $ 9,311,000 after purchasing an additional 31,615 shares in the last quarter. Sei Investments Co. increased its stake in Jack in the Box by 21.8% in the third quarter. Sei Investments Co. now owns 40,758 restaurateur shares valued at $ 3,235,000 after purchasing an additional 7,296 shares during the last quarter. Finally, Diversified Trust Co increased its stake in Jack in the Box by 34.3% in the fourth quarter. Diversified Trust Co now owns 3,476 shares of the operating restaurant valued at $ 323,000 after purchasing an additional 887 shares in the last quarter.
Several equity analysts have commented on the JACK share. The Goldman Sachs group launched coverage of Jack in the Box in a research report on Tuesday, January 19. They set a “buy” rating and a price target of $ 111.00 for the company. Zacks Investment Research downgraded Jack in the Box from a “buy” rating to a “maintain” rating and set a price target of $ 106.00 for the company. in a research report on Wednesday February 10. OTR Global elevated Jack in the Box to a “positive” rating in a research report on Wednesday, February 3. Telsey Advisory Group raised its price target on Jack in the Box from $ 112.00 to $ 118.00 and gave the stock an “outperformance” rating in a research report on Wednesday, February 10. Finally, Wells Fargo & Company raised its price target on Jack in the Box from $ 121.00 to $ 124.00 and rated the stock “overweight” in a report on Thursday, February 25. One analyst rated the stock with a sell rating, five assigned a sustaining rating, and eleven issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $ 107.00.
Jack in the Box Company Profile
Jack in the Box Inc operates and franchises Jack in the Box quick service restaurants. As of September 27, 2020, it operated and franchised 2,241 Jack in the Box quick-service restaurants, primarily in the western and southern United States, including one in Guam. The company was founded in 1951 and is headquartered in San Diego, California.
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